KUALA LUMPUR: Malaysia Steel Works (KL) Bhd
(Masteel) has signed a memorandum of understanding (MoU) with Ace Gases Marketing Sdn Bhd and Universiti Tunku Abdul Rahman (Utar) to deploy innovative carbon capture, utilisation and storage (CCUS) technologies to embed new green innovations into Masteel's ultra-low carbon steel production facility.
Ace Gases is a wholly-owned subsidiary of Kelington Group Bhd.
In a statement, Masteel said the parties will jointly conduct a feasibility study to identify optimal CO2 capture
technologies for steel manufacturing, and explore utilisation or storage options for captured CO2.
The study will enable Masteel to further minimise its carbon footprint and meet industry demand for sustainable steel.
In future phases, the study will focus on optimising Masteel’s energy use and operational efficiency, while exploring opportunities to monetise captured CO2, including through the trading of VCUs
"This collaboration on CCUS technology reflects our proactive approach to addressing the challenges presented by climate change, ensuring long-term sustainability of our operations," said Masteel executive vice-chairman Datuk Sri Tai Hean Leng.
Under the collaboration, Masteel will provide operational insights and plant infrastructure while Kelington, via Ace Gases, will provide technical expertise in CO2 capturing and storage solutions.
Utar will bring academic research and analytical capabilities on carbon utilisation from the CO2 capture at site.
